These beach huts have no toilet or sink – but sell for $1m-plus
The brightly painted sheds that sell for more than a house
- Melbourne's iconic beach boxes, despite lacking basic amenities like bedrooms or bathrooms, can command prices exceeding an average suburban house.
- These brightly painted sheds, also known as bathing boxes or boatsheds, are built on public beaches without land titles and have been a feature of the Victorian coastline since the 19th century.
- Their significant financial appeal is primarily driven by scarcity, with some real estate agents predicting their value could double every seven to ten years.
- Strict ownership rules apply, including the requirement to own a local home, and they cannot be rented out or used commercially, with banks refusing to lend against them.
- While some see them as a long-term investment due to scarcity, property experts note the lack of ongoing financial return, leading some to consider them an "illogical purchase".